Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
51. 

Which Indian company became the first Indian company to reach a market capitalisation of Rs 11 trillion?

A. Infosys
B. Reliance Industries Ltd
C. Indian Oil Corporation
D. Tata Power

Answer: Option B

Explanation:

Reliance Industries Ltd (RIL) became the first Indian company to reach a market capitalisation of Rs 11 trillion, as the company was valued at Rs 11.15 trillion. With this, RIL accounts for nearly 9% of the country's total m-cap of Rs 138 trillion. Its stock on Bombay stock exchange (BSE) was record high at Rs 1,738.95. Notably the company's share doubled since mid-March 2020.

52. 

Which AMC has recently launched 1st Corporate bond ETF?

A. Global Investment House
B. KB Kookmin Bank
C. Edelweiss Asset Management Company
D. Aditya Birla Sun Life Asset Management Company Ltd.

Answer: Option C

Explanation:

Edelweiss Asset Management Company (AMC), a subsidiary of Edelweiss Capital Limited (ECL) has launched India's 1st Corporate Bond ETF (exchange trade fund) called the Bharat Bond ETF. The ETF is a government initiative and Edelweiss AMC was given the mandate to design and manage the product.

53. 

A National level Business meet was organized by CPWD in whichcity?

A. Mumbai
B. Chennai
C. New Delhi
D. Kolkata

Answer: Option C

Explanation:

CPWD organized a National level Business meet in New Delhi. The national-level meeting was held to get the views from the Clients and stakeholders about the Services provided by CPWD.

54. 

India with which of the following countries has signed MOC to strengthen cooperation in steel sector?

A. Russia
B. USA
C. Japan
D. UAE

Answer: Option C

Explanation:

Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MOC) between Government of India and Government of Japan to constitute 'India-Japan Steel Dialogue' to strengthen cooperation in steel sector. MoC will help in capacity building for high grade steel manufacturing in India.

55. 

Vistara inked code share agreement with which of the following company?

A. Alliance Air
B. GoAir
C. SpiceJet
D. Lufthansa

Answer: Option D

Explanation:

Full-service airline Vistara on December 8 said it has entered into a codeshare pact with Lufthansa.The two carriers already have an interline partnership.Codesharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline.